|
State Street SPDR Bloomberg Investment Grade Floating Rate ETF
|
|||||||||||||||||
- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Investment Grade Floating Rate ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Barclays U.S. Dollar Floating Rate Note < 5 Years Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Nov 30, 2011 |
| Assets (mns) | $2,748 |
| Currency | USD |
| Expense ratio | 15 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 293 |
| No of distinct issuers | 152 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 100% /0% |
| Non-standard maturity (callable, etc.) | 34% |
| 0.0% // | 1.2 % |
| 0.0% // | 1.2 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.1 % |
| 0.0% // | 1.0 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.9 % |
| 0.0% // | 0.8 % |
| 0.0% // | 0.8 % |
| TOTAL | 9.8 % |
|---|
| GOLDMAN SACHS GROUP, INC. | 3.3% |
| JPMORGAN CHASE & CO. | 2.6% |
| BANK OF NOVA SCOTIA | 2.5% |
| ROYAL BANK OF CANADA | 2.4% |
| BANK OF AMERICA CORPORATION | 2.0% |
 |
UNITED STATES | 41.1 % |
 |
CANADA | 10.2 % |
 |
UNITED KINGDOM | 4.9 % |
 |
AUSTRALIA | 3.7 % |
 |
JAPAN | 2.7 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 0.7% | 4.8% | 4.0% | 3.0% | 2.4% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | 0.02 | 0% |
| S&P500 | 0.06 | 38% |
| MSCI EAFE | 0.06 | 32% |
| MSCI Emg. Mkts. | 0.04 | 19% |
| Recent close | $30.78 |
| 30d moving avg. | $30.72 |
| Annualized volatility | 1.1% |
| Short interest (ETF) | 3.1% |
| Relative strength (RSI) | 64 |
| Avg. volume (thou.) | 968 |
| Avg. daily value traded (mns) | $30 |
| Turnover | 1.1% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLRN | 2.5 yrs | Category Avg.* |
4.6 yrs |
| FLRN | 2.5% | Category Avg.* |
4.5% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 4.45% | -7.5% | $28.47 |
| +200 bp | 3.45% | -5.0% | $29.25 |
| +150 bp | 2.95% | -3.7% | $29.64 |
| +100 bp | 2.45% | -2.5% | $30.02 |
| +75 bp | 2.20% | -1.9% | $30.21 |
| +50 bp | 1.95% | -1.2% | $30.40 |
| +25 bp | 1.70% | -0.6% | $30.59 |
| 0 bp | 1.45% | 0% | $30.78 |
| -25 bp | 1.20% | 0.6% | $30.97 |
| -50 bp | 0.95% | 1.2% | $31.16 |
| -75 bp | 0.70% | 1.8% | $31.35 |
| -100 bp | 0.45% | 2.4% | $31.53 |
| -150 bp | -0.05% | 3.7% | $31.91 |
| -200 bp | -0.55% | 4.9% | $32.28 |
| -300 bp | -1.55% | 7.3% | $33.02 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
145 | bp |
| Less: Annual "default factor" |
3 | bp |
| Less: Expense ratio | 15 | bp |
| Equals: ALTAR Score | 1.27 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 2.9% |
| Corporate | 3.8% |
| Emerging Market | 5.3% |
| Government | 6.9% |
| Inflation Protected | 2.2% |
| Mortgage | 4.6% |
| Municipals | 3.2% |
| *Note: The State Street SPDR Bloomberg Investment Grade Floating Rate ETF is classified as a Corporate fund. | |